Barrington Research Reaffirms Outperform Rating for Townsquare Media (NYSE:TSQ)

Key Points

• Townsquare Media's stock has been reaffirmed with an "outperform" rating by Barrington Research, which set a target price of $13.00, suggesting a potential upside of 93.16% from its previous close.
• The company reported a negative EPS of ($0.05) in its latest quarterly earnings, meeting analysts' consensus estimates, with revenue reaching $98.68 million.
• Significant insider activity includes COO Erik Hellum selling 10,000 shares at an average price of $7.09, reducing his position by 1.36%.

Barrington Research reiterated their outperform rating on shares of Townsquare Media (NYSE:TSQ - Free Report) in a research report released on Thursday,Benzinga reports. They currently have a $13.00 price objective on the stock. Barrington Research also issued estimates for Townsquare Media's Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $0.73 EPS.

Several other equities analysts have also commented on TSQ. Wall Street Zen lowered Townsquare Media from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Noble Financial reiterated a "buy" rating and set a $21.00 price objective on shares of Townsquare Media in a research report on Friday, May 9th.

Townsquare Media Stock Performance

TSQ traded up $0.20 during trading hours on Thursday, reaching $6.84. The company's stock had a trading volume of 74,954 shares, compared to its average volume of 86,062. Townsquare Media has a 52 week low of $6.47 and a 52 week high of $11.00. The company's 50-day moving average is $7.45 and its 200-day moving average is $7.66. The firm has a market cap of $111.77 million, a PE ratio of 3.39, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The firm had revenue of $115.45 million for the quarter, compared to analyst estimates of $114.77 million. Townsquare Media had a negative return on equity of 56.87% and a net margin of 7.93%. Equities analysts anticipate that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 27th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, October 27th. This represents a $0.80 dividend on an annualized basis and a yield of 11.7%. Townsquare Media's dividend payout ratio is 39.60%.

Insider Buying and Selling at Townsquare Media

In other news, COO Erik Hellum sold 10,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $7.09, for a total value of $70,900.00. Following the transaction, the chief operating officer directly owned 723,948 shares in the company, valued at approximately $5,132,791.32. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 35,000 shares of company stock valued at $246,267 in the last quarter. Corporate insiders own 29.20% of the company's stock.

Institutional Investors Weigh In On Townsquare Media

A number of institutional investors and hedge funds have recently bought and sold shares of TSQ. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Townsquare Media by 3.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 46,895 shares of the company's stock valued at $382,000 after buying an additional 1,500 shares during the period. Geode Capital Management LLC increased its holdings in shares of Townsquare Media by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 280,897 shares of the company's stock valued at $2,554,000 after purchasing an additional 1,912 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after purchasing an additional 2,259 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Townsquare Media by 73.4% in the first quarter. Copeland Capital Management LLC now owns 6,753 shares of the company's stock valued at $55,000 after buying an additional 2,859 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Townsquare Media by 5.9% in the fourth quarter. Gabelli Funds LLC now owns 54,000 shares of the company's stock valued at $491,000 after buying an additional 3,000 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.